Authorities in the US state of Massachusetts continue targeting unlawful cryptocurrency market practices, with a local court fining crypto financial services firm CLS Global. A federal court in Boston on April 2 sentenced CLS Global on criminal charges related to fraudulent manipulation of crypto trading volume, according to an announcement from the Massachusetts US Attorney’s Office. In addition to a $428,059 fine, the court prohibited CLS Global from offering services in the US for a probation period of three years. CLS Global, a crypto market maker registered in the United Arab Emirates, in January pleaded guilty to one count of conspiracy to commit market manipulation and one count of wire fraud
source: https://cointelegraph.com/news/us-court-fines-cls-global-428000-wash-trading?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound